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Article L613-60 of the French Monetary and Financial Code

When notified by another resolution authority of a decision and measures equivalent to those mentioned in I of Article L. 613-61-1 concerning the subsidiary of a group for which it is the resolution authority on a consolidated basis, the College of Resolution shall assess, after consulting the other members of the college of resolution authorities concerned, the likely impact of these measures on the group and on the entities of…

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Article L613-60-1 of the French Monetary and Financial Code

I. – When the resolution board decides that an EU parent undertaking established in France meets the conditions for triggering a resolution procedure mentioned in II of Article L. 613-49 or, where applicable, in I and II of Article L. 613-49-1, it shall immediately notify the information mentioned in 1° and 2° of I of Article L. 613-61-1 to the supervisory board of the AMF and to the other members…

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Article L613-60-2 of the French Monetary and Financial Code

I. – The group resolution scheme provided for in Article L. 613-60 must satisfy the following conditions: 1° It shall comply with the preventive resolution plans drawn up pursuant to paragraph 3 of sub-section 3 of this section, except in cases where the other resolution authorities concerned consider that the objectives of the resolution will be better achieved by other means ; 2° It describes the resolution measures that the…

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